What is it all about anyways?
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 11 August 2023
⏱️ 35 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/3DPZwWA
Four weeks ago, I devoted a Dividend Cafe to the subject of a “dividend growth mentality.” It was intended to, amongst other things, reiterate much of the underlying value proposition for investors in buying companies that return capital to shareholders via dividends and who increase those dividend payments year-over-year. The people who read Dividend Cafe are mostly investors, and all clients of our firm are investors. My interest in dividend growth is investor-centric – that is, how dividend growth accrues to the benefit of our clients.
And yet, as became clear to me from a couple of letter-writers in the aftermath of that Dividend Cafe, there is a sense which it begs the question to ask why it is good for investors to receive dividends. Don’t we first need to understand why companies, themselves, pay dividends? Would the benefit to us as investors matter if there were no benefits to the companies? Or is this whole thinking sort of confused?
Well, one thing I can promise you – you won’t be confused on any of this after you jump into this week’s Dividend Cafe, where we will seek to unpack this whole subject of companies paying dividends – why they do it, should they do it, and what does it all mean (economically and even philosophically).
Let’s be honest, and this is about as fun as it gets. So join me in the Dividend Cafe.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:13.9 | Hello and welcome to this week's Dividend Cafe. I am recording from the studio in New York and getting ready to head back to California |
| 0:21.4 | for a couple weeks. But this Dividend Cafe, I think, may be something that many of you have |
| 0:28.6 | wanted to ask about and talk about and hear about for some time and that I have been too |
| 0:34.7 | dense or short-sided to have addressed in this manner. |
| 0:39.0 | I think it really is paramount for an entity like ours, the Bonson Group, that believes |
| 0:46.0 | too thin nail in the philosophy of dividend growth investing. |
| 0:50.5 | And I have made the case for well over 20 years for the philosophy of dividend growth |
| 0:55.9 | investing as this thing that is really beneficial to investors. |
| 1:02.0 | See, that's who's listening right now or watching right now, who will be reading the dividend |
| 1:06.4 | cafe.com. Those are primarily either investors or future investors, people learning about investing. |
| 1:16.6 | And yet today, I'm going to be approaching it from the vantage point of the company, |
| 1:21.9 | not the investor who receives the dividend, but the company who pays the dividend. |
| 1:26.8 | And there are some reasons why this, |
| 1:30.2 | I think, is so important. And frankly, so interesting, I very much enjoyed writing this |
| 1:36.3 | Dividend Cafe. Truth be told, I almost always enjoy writing Dividend Cafe. It really is. |
| 1:42.4 | One of the highlights of my week, there are some weeks where I'm |
| 1:46.2 | a little more rushed than others in doing it. I have a lot of meetings every single week and we |
| 1:53.5 | run a business and there's, you know, I have for whatever reason decided that as we have grown |
| 2:00.7 | and and so forth as a company, I stay |
| 2:04.1 | intimately connected to the details of the business, to our clients, to the people that |
| 2:11.1 | make up our team, our partners, our advisors, our employees. |
... |
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